in fact, we didn't have even have a deficit. >> ill. >> bill: bill then when when we ran into trouble president bush lowered the cap gains and then we got out of trouble because more money came in. and led to the highest amount of federal tax revenue in history, juan. >> did we get out of trouble? >> bill: no, no. no. because we had the wars and we had the war on terror and all of that. but the facts are the facts. highest amount of tax revenue ever flowing into washington came under president bush when he lowered the capital gains tax. now, mary katharine, am i misguided here? am i misstating something here? >> no. i think you are right. i mean, barack obama is proposing through and he has through the buffet deal before that we should basically jack up the capital gains tax which would discourage investment. >> bill: you are disagreeing with juan. >> and furthermore barack obama was asked about this in a debate with hillary clinton in 2008 where the moderator said it has been shown tax revenue goes up when the capital gains rate is lower. isn't that something you would be okay with?